NatWest to unveil product transfer service this week

NatWest Intermediary Solutions will unveil its product transfer service on Thursday – enabling brokers to help their customers switch and earn a proc fee of 0.2% in the process.

The service is available to both residential and buy-to-let customers 110 days before their deal expires. It is also available for those on a standard variable rate as well as NatWest’s ‘track and switch’ products, where consumers can switch from a fixed rate to a tracker without penalty.

Graham Felstead, head of intermediary mortgages, NatWest Intermediary Solutions, said: “We have had a great deal of positive feedback on this launch since we announced it last month.